$PORTO is currently trading at 0.728 USDT, just above its critical support level of 0.727 USDT.
With an RSI of 31.48, the asset appears oversold, indicating a bearish market structure.
Traders may consider a pullback entry strategy near the support level, with resistance at 0.779 USDT providing a potential target.
However, Bitcoin's price movements and broader macroeconomic trends could pose risks to this bullish hypothesis.
